Cryptocurrencies have been playing an increasingly important role in the financial sector. Grayscale Investments is leading the charge in this regard. The crypto investment fund has launched several ventures over the years, and is now adding ZenCash to its portfolio. ZenCash is a Rather Interesting Addition While it is commendable to […]
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Bittrex Says Its USD Trading Functionality Will Roll out in Stages
Bittrex has made it clear that the company will be entering the fiat currency trading industry fairly soon. In the first phase, the company will add USD trading, although it will seemingly be limited in terms of its availability. Given the US’s fractured cryptocurrency regulation, such an approach makes a lot […]
Bitcoin Price Watch: Currency Remains at $6,500
At press time, bitcoin has undergone no change since falling to $6,500 yesterday. It’s been a week of ups and downs for sure, and despite the low price, it’s a little refreshing to see bitcoin stay put for the time being. One source mentions bitcoin is at its lowest point […]
Tom Lee Blames the Cboe Futures for Crashing the Bitcoin Price
There is still plenty of speculation as to why the Bitcoin price has plummeted over the past few months. Some sources hint at Tether’s involvement, whereas Fundstrat’s Tom Lee has a completely different view. In his opinion, the expiration of Cboe’s Bitcoin futures are the main culprit. Factors Influencing the […]
Blockchain Tech Still Has Long Way to Go in Financial Industry: Ripple Executive
The financial industry has been one that has embraced blockchain technology, with many leading global banks investing in their own private blockchains as well as industry collaborations. The degree to which such ventures have succeeded has varied among banks, with some like Santander stating that their blockchain initiatives have been […]
Stephen Bannon, Trump’s Former Strategist, Is Banking on the Crypto Industry
Stephen Bannon believes that cryptocurrencies can disrupt the financial industry in the same way that Donald Trump disrupted American politics. He also revealed that he owns a “good stake” in Bitcoin and that he has invested in a number of crypto startups through his investment company, Bannon & Company. In […]
Ethereum Price: Positive Momentum Remains in Place, for now
As is usually the case on Saturday, it is rather difficult to make sense of the cryptocurrency markets. The entire top 10 is in the red, with the exception of Ethereum, For some unknown reason, the Ethereum price is still up by 1,16%. Even so, maintaining a value of $500 […]
Bitcoin Is Controlled by China: Ripple CEO Tears Into Bitcoin
For as long as we’ve known him, Brad Garlinghouse has not been one to mince words when talking about the world’s biggest cryptocurrency. He has continuously branded it as the Napster of cryptos, a pioneering platform whose technology and approach made it impossible to achieve success in the face of […]
IOTA Price: Ongoing Bearish Pressure Won’t Relent Soon
The uneasy situation across all cryptocurrency markets is till tangible at this point. So much even that it would appear another round of bearish pressure will materialize at any given moment. As is usually the case, some coins feel this pressure a lot sooner compared to others. For the IOTA […]
Over $20M Worth of ETH Stolen from Misconfigured Wallets
Chinese cybersecurity firm Qihoo 360 Netlab discovered that hackers have been targeting Ethereum wallets configured with open port 8545, with one attacker pillaging over US$20 million from various victims. The attack vector used by the perpetrators exists as a feature of most Ethereum wallets in which the software has been […]
PotCoin Makes Special Appearance at North Korea Summit
Just two or three years ago, the headlines and events involving cryptocurrency that currently take place worldwide could not have been imagined. When PotCoin caught everyone’s attention for its appearance at the recent summit between leaders of the USA and North Korea days ago, it was certainly one such instance. […]
Investors Concerned About Dozens of New Crypto Exchanges in Korea as Hacks Emerge
This week, Hankyung, a major mainstream media outlet in South Korea, reported that dozens of new cryptocurrency exchanges are set to launch in the country in the next few months with a primary focus on integrating new digital assets. Integration First, Security Second Over the past three months, Huobi Korea, […]
Citibank Plans to Replace 20,000 Employees with Robots and Automation
Jamie Forese, the president and CEO of Citibank’s institutional clients group, stated in an interview with the FT that 20,000 employees, or around 40 percent of the bank’s total workforce, can be easily replaced with machine learning and artificial intelligence (AI). Banks are Replacing Employees with AI According to Forese, […]
Bitcoin Is Now Accepted at a 550-Year-Old Istanbul Market
Earlier this week, a member of an online Bitcoin community revealed that a 550-year-old market in Istanbul contains merchants accepting Bitcoin. The photograph which the individual posted featured a big Bitcoin logo in a crowded part of the market that is widely acknowledged as a popular tourist destination. Positive Sign […]
Bitcoin Price Watch: Currency Falls By $100
At press time, the father of cryptocurrencies is trading for about $6,500. This is roughly $100 less than where it stood yesterday, which in turn was $400 higher than where it had been trading the previous day. Bitcoin has been an up-and-down game for nearly the past week. Problems first […]
Western Union Isn’t Impressed with XRP Despite Completing Just 10 Transactions
Ripple is making a lot of inroads in the financial sector. Service providers and banks all over the world are showing a keen interest in its technology and native XRP asset. However, there are some concerns with XRP which few people had taken into account at first. Western Union CEO Hikmet […]
Indian Government’s Cryptocurrency Panel Doesn’t Aim to Ban Bitcoin
India is a very peculiar country when it comes to cryptocurrency and blockchain technology. With a lot of conflicting reports regarding the future regulation of this industry, anything and everything could still change in the near future. It now seems the government may prepare to overturn the “ban” on cryptocurrency […]
Researchers Claim Tether and Bitfinex Manipulated the 2017 Bitcoin Price Surge
Rumors regarding Bitcoin and price manipulation have been present for quite some time. It seems things are accelerating in this regard, with multiple investigations taking place as of right now. A new study indicates that Tether may have been involved in market manipulation in more ways than one. The Tether […]